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Oil prices rise after upbeat US, China data
Oil prices finished higher Friday in New York, buoyed by greater optimism about global growth following encouraging indicators from the US and China. ... more
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China's Geely says buys maker of London taxis
Chinese automaker Geely said Friday it had acquired the maker of London's iconic black taxis for 11.04 million pounds ($17.50 million) after the British company collapsed into administration. ... more
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Daimler puts foot on accelerator in China
German automaker Daimler unveiled plans Friday to boost its position in the fast-growing Chinese market by acquiring for 640 million euros a 12-percent stake in the country's fifth-biggest car group. ... more
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Philippines to buy 12 S. Korean fighter jets
The Philippines will buy 12 South Korean FA-50 fighter jets to strengthen its poorly-armed military, government spokesmen said Wednesday, amid increasing maritime tensions with China. ... more
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